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Foreclosure in Cincinnati : Real Estate Advice

  • All661
  • Local Info57
  • Home Buying205
  • Home Selling81
  • Market Conditions38

Activity 34
Thu Oct 6, 2016
Brent A Diebert answered:
Here a link that should help!

http://www.savethedream.ohio.gov/foreclosuretimeline.aspx
0 votes 1 answer Share Flag
Thu Jan 28, 2016
Sally Grenier answered:
What does YOUR agent say? Nobody here is familiar with that property, the market or the comps. Also, you can offer whatever you want, but it's really up to the bank to approve it. The listing agent has probably done a BPO (Broker Price Opinion) for the bank, and they probably have a figure in mind that they need to get before they'll approve a short sale. But you really need to be represented by your own Buyer's Agent. ... more
0 votes 1 answer Share Flag
Wed Dec 24, 2014
Simon Campbell answered:
If you are looking for a website that offers up to date foreclosure listings, I would like to recommend http://www.bankforeclosuressale.com. It is a leading website database that contains over two million foreclosure homes, including bank foreclosures, government foreclosures like VA homes and HUD homes, distressed properties and commercial properties that are for sale all across the nation. All of the listings have had any outstanding liens eliminated and the title is free and clear. We also update our extensive collection of listings every day.

But, to be honest, the market discount for a foreclosure property is between 6 to 10%.
... more
0 votes 2 answers Share Flag
Fri Sep 6, 2013
Beth Cebula answered:
Thanks everyone for the advice, my husband and I are seeking counsel with a professional to help guide us the appropriate way.
0 votes 11 answers Share Flag
Fri Sep 6, 2013
Stephen Shields answered:
If you are in Hamilton County, start with the Auditors office down town
0 votes 4 answers Share Flag
Wed Aug 29, 2012
Patricia M Baxter answered:
From reading all the answers, looks like, as usual, it depends on the state. In Ohio, Realtors handle the sales. Most of them prefer not to, as those sales require more work than others, especially HUD owned houses that are auctioned via a complicated system. I personally don't mind: some of them make for super deals.
Mrs. Patricia Baxter, MA, MPA
MD Preferred
Cincinnati Ambassador
Realtor with Nextage Achieve Realty
Manager Charles Stuart Homes
513 891 9300 (office)
513 225 0045 (cell)
... more
0 votes 11 answers Share Flag
Mon Sep 19, 2011
James Gordon ABR SFR SRS answered:
Go buy tarp, nails, hammer and ladder. Drive home. Put ladder against property so you can gain access to roof. Lay tarp in such a way as to shed water off roof and to prevent water from reaching damaged area of roof. Nail as you go to prevent tarp from blowing to much. Make sure all sides and center areas are nailed secure to the roof area. Carefully climb down. ... more
0 votes 1 answer Share Flag
Tue Sep 13, 2011
Don Tepper answered:
Tim's right.

I worked for 8 years for the national association representing janitorial companies. There are entire books on the subject (I wrote 8 or 9 myself), but you asked for "brief."

For more detailed information, go to http://www.bscai.org.
... more
0 votes 2 answers Share Flag
Tue Sep 13, 2011
Ed Beck answered:
Cut plywood to the size of the window. Open the top and bottom of the window so both the top and bottom windows are in the middle. Cut two 2x4's so they are longer than the width of the window. Measure some holes. Put four holes in the plywood and 2 holes in each two by four. Line up the holes and insert hardware (carriage bolt and nuts) so the head of the carriage bolt is outside. Tighten it down. That's pretty brief. Let me know if you need more detail. ... more
0 votes 2 answers Share Flag
Wed Aug 24, 2011
Stuart R. Hodesh answered:
Thu Jul 7, 2011
Shifali Rouse answered:
Hello Deefri,

Yes you must continue to pay your landlord rent UNTIL the court orders a 'Confirmation of Sale'. Once the court has issued a confirmation of sale you no longer need to pay your current landlord rent BUT you need to pay the new landlord rent as they will assume your current rental/lease agreement. The courts WILL NOT notify you when they issue the confirmation so you will need to check with them every so often. If you do not pay your rent the landlord can evict you. I would strongly suggest that you seek legal council if you have further questions on the situation. You can visit www.cincybar.org to locate free legal council and options. ... more
0 votes 3 answers Share Flag
Thu Mar 31, 2011
Trent Warner answered:
I would recommend that she understand what here financial boundries are first then buy the home that best fits here situation. Sometimes the beauty of the deal wears off after a couple years and you have to return to a place that doesn't meet your needs. But it is a great deal! ... more
0 votes 5 answers Share Flag
Sat Jan 15, 2011
Al Rosser answered:
There are several unanswered questions here.... Do they still have a mortgage on the home that you live in??
Is the home in California actually in foreclosure, has the bank filed yet? Are you able to purchase the home, through financing or cash?

As an agent, I have to advise you to talk to an attorney about any legal issues that may arise and to an accountant or tax professional regarding any tax issues or concerns.

However, there may be some options for you depending on the answer to the questions above.

Feel free to contact me to answer any further real estate questions... 513-201-7671
... more
0 votes 4 answers Share Flag
Wed Jan 12, 2011
Dave Griswold/ Lisa Payne-Griswold answered:
Hi Trent, Jan.19th will be the day 6 major banks and their Lawyers go to court in NJ to determine whats to be done with their let us say faulty foreclosures,robo signing,missing doc9;s, orginal loan doc's and the list goes on.

We feel is a simple solution, though it may not seem fair to those not in foreclosure. Reduce principal by 30% or greater to equal current market values. 0% interest for at least 2 yrs. then 2% per year increase until a max of 6% is reached. Start the mortgage over so that if the stuggling home owner goes late it's not an automatic foreclosure. Don't go by the current income just do it for all. Many have family or friends living with them to help in these trying times and the banks don't need to ask them for all this nor all the doc's to support it since they have done just a bang up job of keeping records, the homeowners should be granted a free ticket on the doc's issue. It should be given just as the USA granted immunity same thing.

This would free the banks, free the homeowners, put trust back in the system, the USA would shine, the encomony would be saved and no one loses.

all the Best
Dave & Lisa
... more
0 votes 5 answers Share Flag
Wed Jan 12, 2011
James Gordon ABR SFR SRS answered:
Diana here is a link to the Hamilton County auditors site.

http://www.hamiltoncountyauditor.org/

You can enter the address and see who the legal owner of the property is. As for tearing down the property they are doing that after you get the notices of work orders on the property and sometimes they do not go after the property so that way they can go after the owner for the money owed for ordered work on the property. ... more
0 votes 3 answers Share Flag
Mon Jan 10, 2011
Tony McMahon answered:
Not yet, but I will be making good use of it.
0 votes 1 answer Share Flag
Thu Dec 2, 2010
James Gordon ABR SFR SRS answered:
Kathy in Butler county I have seen lenders excercise their deficiency judgement rights and forclose on other properties. This process seems to run a lot quicker if the lender is the same on all the properties. I have also seen them come after the primary residence. A person that lives on my street is going through this now. He lost 4 properties in forclosure and they have successfully forclosed on his primary residence. It is not scheduled for Jones to auction it yet but all that is left is to schedule the auction date. ... more
0 votes 5 answers Share Flag
Sat Nov 6, 2010
Kelly Gibbs answered:
Contingencies are important in real estate contracts because they limit a buyer's or seller's responsibility to fulfill the contract and close the deal. Some are major, some are minor. Some common contingencies include buyer obtaining financing, the home appraising at or above purchasing price, inspection, etc. Contingencies also lead to renegotiating within the contract, most commonly after an inspection has been performed. At this point the buyer and seller either come to a compromise of some sort or walk away from the deal and move on. ... more
0 votes 6 answers Share Flag
Wed Oct 27, 2010
C83gordon asked:
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